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Can you avoid paying income tax on your Social Security benefits?
Everyone hates taxes, and especially income tax on Social Security benefits. Those with combined income from all sources (including half of their Social Security benefits) of under $25,000 as a single IRS filer, or under $32,000 as married IRS filers, do not need to pay income tax on their Social Security benefits. But what if your income is more?? Well, this Yahoo! Finance article by James Royal provides some insight on how you may be able to minimize the amount of your Social Security benefits which are taxable, although none of them are easy and all require substantial advance planning. Click here to read the Yahoo! Finance article about “how to avoid paying taxes on Social Security income.”